"Adam Smith's key insight was that both parties……" — Milton Friedman
"Adam Smith's key insight was that both parties to an exchange can benefit and that, so long as cooperation is strictly voluntary, no exchange can take place unless both parties do benefit."
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Milton Friedman
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195 Quotes by Milton Friedman
Milton Friedman has 195 quotes on this site.
A few more worth reading:
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When a private enterprise fails, it is closed down; when a government enterprise fails, it is expanded. Isn't that exactly…
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Legalizing drugs would simultaneously reduce the amount of crime and raise the quality of law enforcement. Can you conceive of…
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My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving…
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Freedom in economic arrangements is itself a component of freedom broadly understood, so economic freedom is an end in itself…
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Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or…
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Whenever we depart from voluntary cooperation and try to do good by using force, the bad moral value of force…
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The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society…
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The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people,…
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Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use…
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Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they…
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The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of…
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A society based on the freedom to choose is better than a society based on the principles of socialism, communism…
See all 195 quotes by Milton Friedman »
More Adam Quotes
This quote is filed under Adam Quotes,
one of 522 quotes in that category. Here are a few more:
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I love my fan base because they never high-five me; they always get really shifty and hide. Adam Sandler's fan…
— Kate Beckinsale
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The earth was cursed for Adam's sake. Work is our blessing, not our doom. God has a work to do,…
— Ezra Taft Benson
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In the beginning, Adam was instructed to earn the bread by the sweat of his brow - not Eve. Contrary…
— Ezra Taft Benson
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When our Heavenly Father placed Adam and Eve on this earth, He did so with the purpose in mind of…
— Ezra Taft Benson
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Woman was given to man as an helpmeet. That complementary association is ideally portrayed in the eternal marriage of our…
— Ezra Taft Benson
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Let me be serious: divorce is a sacred institution between a man and a woman who hate each other. God…
— Lewis Black
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Marriage is almost as old as dirt, and it was defined in the garden between Adam and Eve. One man,…
— Kirk Cameron
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I really knew I wanted to be Adam, because Adam was the first man. Ant I chose because, if there's…
— Adam Ant
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An ineffably holy God, who has the utmost abhorrence of sin, was never invented by any of Adam's descendents.
— Arthur W. Pink
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For I have shown from the Scriptures, that no one of the sons of Adam is as to everything, and…
— Irenaeus of Lyons
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One human nature is common to all the descendants of Adam, and it is, for all men, guilty and polluted
— Herman Bavinck
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It is important to insist on the historical truthfulness of the narrative of the fall of Adam and Eve. Just…
— Wayne Grudem
See all 522 Adam Quotes »